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Current as of January 01, 2025 | Updated by Findlaw Staff
Refunding bonds may be in substantially the following form:
Reclamation District No.________ for value received, hereby acknowledges itself indebted to and promises to pay to the holder hereof at the office of the treasurer of ________ County, in the State of California, on the ________ day of ________, 19____, the sum of $________ in lawful money of the United States of America, with interest thereon in like lawful money from the date hereof until paid at the rate of ______ percent per year, payable at the office of said treasurer on the first day of January, and the first day of July in each year on presentation and surrender of the interest coupons hereto attached. This bond is one of a series of refunding bonds of like tenor and effect, except as to denomination and maturity, numbered from ________ to ________ inclusive, amounting in the aggregate to the sum of ________ dollars ($________), issued in accordance with Division 15 of the Water Code of the State of California pursuant to an election held in said reclamation district on the ________ day of ________, 19__, authorizing their issuance, and are issued for the purpose of refunding ________ $________ of the principal amount of the bonds of this district dated the ________ day of ________, 19__, and outstanding on the ________ day of ________, 19__, and this bond is based upon and secured by an assessment levied on the lands in said district, and filed in the office of the county treasurer of said County of ________ on the ________ day of ______, and the said reclamation district does hereby certify and declare that said election was duly called and held upon due notice, and the result thereof was duly canvassed and ascertained, in pursuance of and in strict conformity with the laws of the State of California applicable thereto, and that all of the acts and conditions and things required by law to be done, precedent to and in the issue of said bonds have been done and have been performed in regular and in due form and in strict accordance with the provisions of the law authorizing the issuance of reclamation bonds.
This bond is one of the bonds issued to refund $________ principal amount of bonds of this district numbered ______ dated the said ________ day of ________, 19__, and maturing ________, 19__.
Auditor of the County of ________, State of California.
Cite this article: FindLaw.com - California Code, Water Code - WAT § 52509 - last updated January 01, 2025 | https://codes.findlaw.com/ca/water-code/wat-sect-52509/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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